Supplemental Cash Flow Information

9 Months Ended

Sep. 30, 2022

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

NOTE 11. SUPPLEMENTAL CASH FLOW INFORMATION

Our significant noncash investing and financing activities for the nine months ended September 30, 2022 and 2021 included the following:

• We recognized lease right-of-use assets and lease liabilities related to leases in which we are the lessee within Other Assets and Other Liabilities on the Consolidated Balance Sheets, including any new leases, renewals and modifications of $150.4 million in 2022 and $32.7 million in 2021 for both assets and liabilities.

• We capitalized $26.5 million and $19.4 million in 2022 and 2021, respectively, of equity-based compensation expense.  

• We received $393.2 million and $299.4 million in 2022 and 2021, respectively, of ownership interests in certain unconsolidated co-investment ventures as a portion of our proceeds from the contribution of properties to these entities, as disclosed in Note 3.

• We issued 0.2 million and 0.3 million shares in 2022 and 2021, respectively, of the Parent’s common stock upon redemption of an equal number of common limited partnership units in the OP.

• We issued 1.0 million common limited partnership units for $130.4 million to our partner and assumed debt of $215.3 million in our acquisition of additional ownership interest in and subsequent consolidation of two unconsolidated other ventures in 2021.

• We formed an unconsolidated venture by contributing $10.0 million of land in 2021.

We paid $188.9 million and $224.7 million for interest, net of amounts capitalized, during the nine months ended September 30, 2022 and 2021, respectively.

We paid $85.3 million and $85.0 million for income taxes, net of refunds, during the nine months ended September 30, 2022 and 2021, respectively.